Shares making the most important strikes after hours: Lyft, Uber, Occidental Petroleum and extra
A Lyft emblem is put in on a Lyft driver’s automotive subsequent to an Uber sticker in Pittsburgh.
Gene J. Puskar | AP
Take a look at the businesses making headlines after the bell:
Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Courtroom choose dominated that they convert California drivers from unbiased contractors to workers with advantages. Lyft misplaced 1.7% in prolonged buying and selling, whereas Uber fell 1.5%.
Occidental Petroleum — Shares of Occidental Petroleum dropped 4% after the oil and gasoline firm posted a wider-than-expected loss and booked a complete impairment of $6.6 billion for the second quarter. Occidental reported a lack of $1.76 per share, worse than the $1.68 per share loss analysts had been anticipating, in accordance with FactSet.
Mattress, Bathtub & Past — Shares of Mattress Bathtub & Past slid greater than 4% after the retailer mentioned it has lifted the suspension of deliberate debt reductions, which had been carried out to melt the blow from the pandemic.
Simon Property Group — Shares of Simon Property Group fell 0.3% after the most important U.S. mall proprietor posted disappointing income. Simon Property mentioned its income for the second quarter fell about 24% to $1.06 billion, in contrast with estimates of $1.14 billion, in accordance with Refinitiv. The inventory gained greater than 5% on Monday after the Wall Avenue Journal reported it was in talks with Amazon to show shuttered Sears and J.C. Penney shops into warehouses.
Kodak — Shares of Kodak prolonged its slide in after-hours buying and selling, falling greater than 2% after shedding 27% in common buying and selling on Monday. The declines got here after the imaging pioneer’s take care of the federal government to supply medicine ran right into a snag. The U.S. Growth Finance Company tweeted Friday that it’ll “not proceed any additional” till “allegations of wrongdoing [that] increase critical issues … are cleared.”
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